A Las Vegas Valley man has been charged with running a real estate investment scheme that Henderson police say relied on forged documents to steal more than $2 million from an investor.
Kory Scheeler, 60, was booked at the Clark County Detention Center on Thursday. A Henderson police arrest warrant obtained Friday by the Las Vegas Review-Journal shows Scheeler is charged in Henderson Justice Court with felony theft after a real estate investor, whose name was blacked out in the warrant, went to police in March 2021 to allege that Scheeler scammed him.
“Mr. Scheeler intends to plead not guilty and fight the charges,” Scheeler’s defense attorney, Russell Marsh, said Friday.
Police wrote in the warrant that the investor told police he entered into a contract with Scheeler in 2016, in which he loaned Scheeler $5.7 million to invest in real estate. The investor was supposed to get their money back plus a 10 percent return on investment.
“Kory would buy real estate with the money (the investor) provided and (the investor’s) name would be on the title of the property,” police wrote in the warrant.
From 2016 to 2018, the investor said he received documents from Scheeler showing Scheeler bought real estate for the investor and that the investor’s “name was on the title,” police said.
But in December of 2018, the investor was contacted by an attorney who was also investing with Scheeler. The attorney told the investor they were no longer receiving payments…
